Could the crypto world be inching toward a historic moment? According to analysts, fewer than 6% of all Bitcoins remain to be mined. This staggering figure underscores just how far the network has come. With the finish line in sight, miners are ramping up operations to claim their share of digital gold.

Current estimates show that 19.9 million BTC have already been created out of the total capped supply of 21 million, nearly reaching the 95% mark. This is a significant milestone for a market that did not exist before 2009.

Since the launch of the network, Bitcoin issuance has steadily declined due to halving events. Today, miners receive 3.125 BTC for each new block of transactions added to the blockchain.

Meanwhile, demand continues to far exceed supply. Since the start of 2025, US exchange-traded funds (ETFs) have purchased more than $20 billion worth of Bitcoin to back their shares — almost double the market value of all the new coins mined over the same period.

Institutional demand is also on the rise. Analysts point to MicroStrategy, led by Michael Saylor, as the most aggressive corporate buyer in the cryptocurrency market.

Notably, back in 2009, miners earned 50 BTC per block. This reward was subsequently halved to 25 BTC in 2012, then to 12.5 BTC in 2016, to 6.25 BTC in 2020, and, most recently, to 3.125 BTC in 2024. The next halving is scheduled for 2028, followed by another in 2032.